Wildhorse Inc., a real estate developing company, was accounting for its long$-$term contracts using the completed contract method prior to $2021.$ In $2021,$ it changed to the percentage$-$of$-$completion method.

The company decided to use the same for income tax purposes. The tax rate enacted is $40\%.$ Income before taxes under both the methods for the past three years appears below.

$\backslash$table$[[,2019,2020,2021],[$Completed contract,$$435000,$$$291000,$$$147000$